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Originally Posted by jolinar of malkshor
Now you just made me even more mad...know I find out those other provinces are getting even more money. Ahhhh
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I don't know why this makes you mad. Equalization payments are merely a tax provinces have to pay for being part of Canada. Do you get mad you have to pay personal income tax as well? Is charging Canadian residents income tax unfair? Aside, you do know once upon a time, Alberta received transfer payments as well, right?
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Originally Posted by jolinar of malkshor
What I don't understand is if BC was considered a have province why couldn't Quebec? The two provinces are very similar. Access to shipping ports, lumber, mining, hydro. What is Quebec doing wrong that BC isn't?
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The vast majority of the funds that are contributed to equalization payments nationwide come from provincial taxes -- both personal and business. Equalization payments are calcualated on a per-capita basis to make them comparable across provinces. Perhaps, and I'm speculating here, BC simply has a greater number of wealthy people and businesses per capita.
Also, albeit by a small margin, BC is not a have province either. They have been receiving equalization payments as well. Only Alberta and Ontario do not.
The 23 factors that contribute towards equalization payments and how much money was collected under each factor can be found here:
http://www.parl.gc.ca/37/1/parlbus/c...m#APPENDIX%20A
For details on how the payments are calculated, read this:
http://www.mapleleafweb.com/features...alculated.html
To see the level of each dependency each province has on equalization, view the chart
Equalization as a Percentage of Own-Source Provincial Revenue here:
http://www.mapleleafweb.com/features...on/impact.html
You can see Newfoundland received 49 cents in equalization for every dollar earned in the province. Whereas Quebec only received 10 cents for every dollar they earned.